COPENHAGEN (Reuters) -Maersk expects global demand for container shipping to grow more slowly in the next few quarters as market risks persist while the group’s capital expenditure is set to grow faster, it said on Wednesday, sending the company’s shares down. The Danish shipping group is in the process of signing orders for 50 to …
Maersk expects container demand growth to slow, raises investment forecast Read More »
By Pranav Kashyap (Reuters) -European shares surged on Wednesday, as a slew of upbeat corporate earnings lifted sentiment, although gains were tempered after heavyweight Novo Nordisk missed estimates for its second-quarter operating profit. The continent-wide STOXX 600 was up 0.8% at 492.21 points, as of 0830 GMT, inching its way towards the key 500 mark. …
European shares rise on earnings boost; Novo Nordisk slips Read More »
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Germany’s Commerzbank reported an expected dip in second-quarter net profit as net interest income fell and announced plans for a 600-million-euro ($654.48 million) stock buyback. Commerzbank’s net profit of 538 million euros compared with a profit of 565 million euros a year earlier. Analysts, on average, had …
Commerzbank reports dip in Q2 profit, announces buyback plans Read More »
By Angelo Amante ROME (Reuters) – Rome Fiumicino airport sees room to grow as a hub for long-haul flights and business passengers after Lufthansa won European Union approval to buy a stake in ITA Airways, its CEO told Reuters. The German carrier got the nod last month for its plan to take a 41% stake …
ITA-Lufthansa deal may help long-haul, business travel in Rome, airport CEO says Read More »
LONDON (Reuters) – British house prices rose by the most six months in July, according to figures published on Wednesday by mortgage lender Halifax that suggested fresh momentum in the property market. House prices increased by an annual 2.3%, the biggest yearly increase since January. The last time prices rose by more on an annual …
UK house prices rise by most since January, Halifax data shows Read More »
By Lewis Jackson SYDNEY (Reuters) – Workers at Australian state-owned submarine builder ASC Ltd began a four-day strike on Wednesday, escalating a campaign for higher wages that threatens maintenance work on the aging submarine fleet Australia must rely on until its nuclear-powered AUKUS replacements arrive in the 2030s. The 100-hour strike began at noon on …
Australian state-owned sub builder hit by more strikes at crucial shipyard Read More »
(Reuters) – Computer accessories maker Logitech International said on Tuesday it has appointed Matteo Anversa as its chief financial officer, effective Sept. 1. He would take over the role from Meeta Sunderwala, who was the interim finance chief following Charles Boynton’s resignation after just over a year in the job. Anversa was most recently the …
Computer parts maker Logitech appoints Matteo Anversa as CFO Read More »
BERLIN (Reuters) – German machine and car parts maker Schaeffler is not interested in a takeover of Continental’s automotive division, CEO Klaus Rosenfeld told the Handelsblatt newspaper on Tuesday, adding that the company had “completely other priorities”. Continental said on Monday it was exploring a spin-off of its automotive division, which has been struggling for …
Schaeffler not interested in Conti auto division, CEO tells paper Read More »
By Jonathan Stempel NEW YORK (Reuters) – A federal appeals court on Tuesday said a Citigroup vice president was not entitled to a share of a $400 million civil fine that the bank agreed to pay in October 2020 over its risk management failures. The 2nd U.S. Circuit Court of Appeals in Manhattan said Tamika …
Citigroup whistleblower denied share of $400 million penalty Read More »
By Alexandra Schwarz-Goerlich VIENNA (Reuters) -Austria’s ruling coalition of conservatives and Greens has nominated Economy Minister Martin Kocher to take over as governor of the Austrian National Bank next year, the government said on Tuesday. Kocher will succeed Robert Holzmann when his six-year term as governor expires on Sept. 1 next year. That will put …
Austria taps economy minister Kocher to head central bank Read More »
